Excalibur Management Corp Sells 267 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Excalibur Management Corp trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,409 shares of the basic materials company’s stock after selling 267 shares during the quarter. Excalibur Management Corp’s holdings in DuPont de Nemours were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Ausdal Financial Partners Inc. grew its holdings in DuPont de Nemours by 140.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 5,678 shares of the basic materials company’s stock valued at $433,000 after purchasing an additional 3,321 shares during the period. Financial Engines Advisors L.L.C. purchased a new position in DuPont de Nemours during the fourth quarter valued at approximately $215,000. Financial Counselors Inc. boosted its position in shares of DuPont de Nemours by 1.1% in the fourth quarter. Financial Counselors Inc. now owns 16,503 shares of the basic materials company’s stock worth $1,258,000 after purchasing an additional 185 shares during the period. TIAA Trust National Association increased its stake in shares of DuPont de Nemours by 11.3% in the fourth quarter. TIAA Trust National Association now owns 16,925 shares of the basic materials company’s stock worth $1,291,000 after purchasing an additional 1,716 shares in the last quarter. Finally, Modern Wealth Management LLC raised its position in shares of DuPont de Nemours by 44.2% during the 4th quarter. Modern Wealth Management LLC now owns 3,518 shares of the basic materials company’s stock valued at $268,000 after purchasing an additional 1,079 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DD. Wells Fargo & Company lowered their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. BMO Capital Markets raised their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada decreased their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Price Performance

Shares of DD stock opened at $76.46 on Wednesday. The stock has a market capitalization of $31.96 billion, a price-to-earnings ratio of 45.78, a P/E/G ratio of 2.15 and a beta of 1.29. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a twelve month low of $72.38 and a twelve month high of $90.06. The stock has a fifty day simple moving average of $78.53 and a two-hundred day simple moving average of $80.84.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.14%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.